This dissertation deals with the topic of bailouts in federations. Institutions and instruments helping to alleviate the incentive problems arising from bailouts are analyzed. In particular, the role of the timing of elections, bailout restrictions and the exploitation of budgetary information...

This dissertation is a collection of three independent research papers and three chapters with surveys introducing into the respective literature. The first paper analyses the effects of introducing Inequity Aversion in a Moral Hazard Problem, the second paper is about optimal delegation in...

The ongoing globalisation has not stopped short of the banking sector. From a political point of view wide voiced concerns about the effect of such banking globalisation have arisen. From a scientific perspective, one of the open points left for dicussion, is the question which factors shape...